In 2024, Singapore’s crypto ownership increased to 26%, a rise from 24.4% in 2023. Younger generations, notably Generation Z, are embracing cryptocurrencies more than older age groups.
Over half of crypto users in Singapore use digital assets for everyday purchasing, mainly in e-commerce transactions. Younger users prefer this method, while older generations favor peer-to-peer transfers.
Singapore’s crypto payment network processed nearly 1 billion USD in Q2 2024. Major retailers like AXS and Charles & Keith are adopting crypto payments, enhancing the user experience.
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